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News

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Saudi Aramco Picks Morgan Stanley, JPMorgan For IPO Roles

Feb 22, 2017 at 12:10 | Tsvetana Paraskova

Saudi Arabia’s oil giant Saudi Aramco has picked JPMorgan Chase & Co and Morgan Stanley to help it in the world’s largest initial public offering next year, and is also…

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Pruitt Delivers Emails For Oil Industry Links Investigation

Feb 22, 2017 at 10:00 | Irina Slav

The new head of the Environmental Protection Agency, Scott Pruitt, has delivered a number of emails to the Center for Media and Democracy, a watchdog NPO that has been looking…

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Dakota Access Protest Backfires For Standing Rock

Feb 22, 2017 at 09:46 | Irina Slav

The months-long protests against the Dakota Access oil pipeline project has seriously hurt the revenues of a casino operated by the Standing Rock Sioux tribe – the tribe that initiated…

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Russia Signs 100,000 bpd Oil Contract With Iran

Feb 22, 2017 at 09:04 | Zainab Calcuttawala

Russia has agreed to purchase 100,000 barrels of oil a day from Iran in exchange for cash and goods and services, according to a new report by the Iranian…

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Azeri President Appoints Wife As Vice President

Feb 21, 2017 at 16:48 | Zainab Calcuttawala

Emerging reports indicate that oil-rich Azerbaijan now has a new first vice president: Mehriban Aliyeva, the wife of sitting President Ilham Aliyev. The presidential order that appointed Aliyeva to…

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Saudi Arabia Considers Selling Cheap Aramco Shares To Locals

Feb 21, 2017 at 16:48 | Charles Kennedy

Oil giant Saudi Aramco is reportedly considering offering shares to citizens of Saudi Arabia as it prepares for an initial public offering that could be the biggest the world has…

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OPEC Unfazed As Russia Cuts Production But Boosts Exports

Feb 21, 2017 at 16:47 | Zainab Calcuttawala

OPEC is not taking issue with Russia’s increased oil exports for the month of January, according to the bloc’s Secretary-General Mohammed Barkindo, who expressed confidence in Moscow’s commitment to the…

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Iran Blames Iraq For Dust Storm That Sparked Protests In Oil Province

Feb 21, 2017 at 16:12 | Tsvetana Paraskova

Iranian authorities said on Monday that Iraq was to blame for a sandstorm that had cut off power and water supply in an oil-rich province and led to street protests…

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ISIS-Linked Group Conquers Towns Near Oil-Rich Golan Heights In Syria

Feb 21, 2017 at 16:01 | Zainab Calcuttawala

Conflict returned to the strategic oil-exploration area of the Golan Heights in Syria on Monday, when an Islamic State (ISIS) affiliated group carried out a series of surprise attacks on…

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Famine in South Sudan As Oil Revenues Remain Elusive

Feb 21, 2017 at 14:22 | Damir Kaletovic

The South Sudanese government and three humanitarian agencies have declared a famine in some parts of the country as the newly independent nation struggle to bring oil back online.…

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